first direct has introduced a new Life Tracker mortgage with a loan to value of 85% at 3.49% above base rate, currently 3.99% (a 75% LTV at 2.89% and 65% LTV at 2.39% are also available.)
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Northern Rock has made some changes to its mortgage range with residential Tracker rates now at 2.79% and residential Fixed rates at 3.75% for customers looking to purchase a home.
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first direct has launched a new market leading offset tracker mortgage which tracks the bank of England base rate plus 2.29% for the life of the loan.
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Following the decision by the Monetary Policy Committee (MPC) to cut the Bank of England Base Rate, Nationwide Building Society has announced that it will decrease its Base Mortgage Rate (BMR) from 3.50% to 3.00% from 1 March 2009.
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Lloyds TSB and Cheltenham & Gloucester will pass on the base rate cut to existing variable and tracker customers, following the decision by the Bank of England to cut base rate by 0.5 per cent.
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Halifax has announced it will pass on the full 0.5% interest rate cut announced by the Bank of England to it’s tracker and variable rate mortgage customers.
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Nationwide Building Society has announced that it is to cut a selection of it’s fixed and tracker rates by up to 0.30%.
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